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Senate advances substitute Transportation Investment Act amid debate over CHEF, TIF and long-term funding
Summary
Senators debated a substitute to the Transportation Investment Act (House Bill 1008), including whether to codify portions of Centennial Highway Fund (CHEF) and create a TIF fund; supporters stressed urgent needs for projects while opponents warned of robbing existing highway commitments.
Senators debated a substituted version of the Transportation Investment Act (House Bill 1008) that would reorganize transportation funding streams and create a tax increment financing vehicle (TIF) alongside commitments to the Centennial Highway Fund (CHEF).
Senator Mike Kilpack, offering the substitute, said the state faces a shortfall of projects and revenue and argued the substitute was needed to broaden the funding base. “We simply can’t turn our head and just pretend that this is going to go away,” he said, adding the state faces “needs between 6.5 and $7,000,000 in transportation through the year…
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